v3.25.4
Note 8 - Intangible Assets
 12 Months Ended
Nov. 29, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

8.

Intangible Assets, Net

 

Intangible assets at November 29, 2025 and November 30, 2024 consisted of the following:

 

   

November 29, 2025

    

November 30, 2024

  

Intangibles subject to amortization:

                

Customer relationships

   $ 512     $ 512  

Less accumulated amortization

     (450 )     (392 )
                 

Intangibles subject to amortization, net

     62       120  

Intangibles not subject to amortization:

                

Trade names

     6,848       6,848  
                 

Total intangible assets

   $ 6,910     $ 6,968  

 

The weighted average useful lives of our finite-lived intangible assets and remaining amortization periods as of November 29, 2025 are as follows:

 

   

Useful Life

in Years

   

Remaining

Amortization

Period in

Years

 
                 

Customer relationships

     9       1.1  

 

Our trade name intangible asset at November 29, 2025 and November 30, 2024 is associated with Lane Venture. Because it is our intention to maintain and grow this brand, it is considered to be an indefinite-lived intangible asset. The amortization expense associated with finite-lived intangible assets during fiscal 2025, 2024 and 2023 was $58 each year and is included in selling, general and administrative expense in our consolidated statement of operations. All expense arising from the amortization of intangible assets is associated with our wholesale segment. Estimated future amortization expense for intangible assets that exist at November 29, 2025 is as follows:

 

Fiscal 2026

     58  

Fiscal 2027

     4  

Fiscal 2028

     -  

Fiscal 2029

     -  

Fiscal 2030

     -  
         

Total

   $ 62